Unisphere Establishment Acquires 850,000 Shares of Chipotle Mexican Grill, Inc. $CMG

Unisphere Establishment lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 42.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,850,000 shares of the restaurant operator’s stock after buying an additional 850,000 shares during the quarter. Chipotle Mexican Grill comprises 0.8% of Unisphere Establishment’s portfolio, making the stock its 29th biggest holding. Unisphere Establishment owned about 0.22% of Chipotle Mexican Grill worth $91,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill during the third quarter valued at $25,000. MV Capital Management Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter worth about $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at about $28,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $28,000. Finally, Ankerstar Wealth LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. TD Cowen reissued a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Stephens upped their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Citigroup cut their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Finally, Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $31.79 on Friday. The company has a market capitalization of $40.78 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 2.09 and a beta of 0.97. The firm’s 50 day simple moving average is $32.62 and its 200 day simple moving average is $34.74. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $47.18.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.